Measuring the Cost of Barriers to Trade in Services

Philippa Dee, Kevin Hanslow and Tien Phamduc

in Trade in Services in the Asia-Pacific Region

Published by University of Chicago Press

Published in print February 2003 | ISBN: 9780226386775
Published online February 2013 | e-ISBN: 9780226386782 | DOI:
Measuring the Cost of Barriers to Trade in Services

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This chapter evaluates the cost of barriers to trade liberalization in the services industry using a newly developed model that covers both foreign direct investment and portfolio investment. It explains that general equilibrium effects of removing these barriers. The analysis reveals that liberalization of services trade would contribute more to the world economy than is widely thought and the biggest gains to liberalizing trade in services would originate in the services industry itself.

Keywords: services industry; trade liberalization; foreign direct investment; portfolio investment; world economy

Chapter.  14809 words.  Illustrated.

Subjects: Business and Management

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